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Wall Street to Your Street
Job growth is back on track with 261,000 new jobs in October
November 8, 2017 | Mark Simenstad, Chief Investment Strategist
Employment growth recovered in October from a hurricane-impacted lull in September, with 261,000 new jobs added for the month, according to the U.S. Bureau of Labor Statistics Employment Situation Report issued November 3 (Exhibit 1). The September number, which was originally reported as a 33,000 decline in jobs, was revised up to an 18,000 gain for the month. That means jobs have increased for 85 consecutive months.
November 2017 outlook: Economy has brightened but challenges still loom
November 2, 2017 | Mark Simenstad, Chief Investment Strategist
A number of economic signs have recently pointed to a strengthening economy and solid prospects for the future, but the U.S. and global economies may not be out of the woods yet. There are a handful of challenges both here and abroad that could stall the recovery.
October market recap: Economy flexing its muscles
November 2, 2017 | Gene Walden, Senior Finance Editor
The economy appears to be picking up steam as U.S. gross domestic product (GDP) grew at a healthy 3% annualized rate in the third quarter, following a 3.1% annualized gain in the second quarter, according to the U.S. Department of Commerce GDP report October 27.
Retail sales have big jump in wake of hurricanes
October 17, 2017 | Mark Simenstad, Chief Investment Strategist
Retail sales were up 1.6% in September – the largest gain in 2 ½ years – following a 0.1% decrease in August (revised), according to the latest Retail Sales Report issued October 13 by the U.S. Department of Commerce.
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